Enterprise Risk Management and Business Planning

Robert Rieg, Ute Vanini and Werner Gleißner
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Robert Rieg: Aalen University
Ute Vanini: Kiel University of Applied Science
Werner Gleißner: Future Value Group AG

Chapter Chapter 11 in Enterprise Risk Management, 2025, pp 233-245 from Springer

Abstract: Abstract Business planning and budgeting are important tools for many organizations. They are used to set goals, allocate resources, and evaluate performance. Plans and budgets relate to the future and are therefore uncertain. There is always the risk of not achieving a plan. Thus, rational managers should always consider risks as well as opportunities in planning and budgeting. The chapter first discusses the reasons and general ways to integrate risk before explaining several approaches to risk integration. It also highlights that an operational plan has many functions and are not necessarily identical to forecasts.

Keywords: Budgeting; Corporate planning; Monte Carlo simulation; Planning (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-86425-4_11

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DOI: 10.1007/978-3-031-86425-4_11

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